News Overview

Apart from the earlier announced diversifications into fertilisers, surface coal gasification, aluminium business value chain and thermal power generation — AR highlights plans to explore acquisition of lithium, cobalt and nickel assets overseas.

Exports fell 9% to 2,540 units last month from 2,798 units the previous year, according to a regulatory filing by Mahindra & Mahindra.

The reports stated that Ambuja would announce the transaction as early as Wednesday.

PWGR commissioned Rs6.5bn worth of projects and incurred capex of Rs9.4bn in Q1FY24 vs Rs13.3bn and Rs7.6bn YoY, respectively on a standalone basis.

The A321 aircraft became popular among airlines because it allowed them to carry more people without investing in additional A320 pilot training.

On fixed broadband sub adds, JIO sustained its pace, which is 2x of Bharti Based on TRAI subscriber data, analysts of IIFL Capital Services maintain their est. of 3.3% QoQ mobile revenue growth for Bharti.

Tata’s market share stood at ~14% in Jul’23, similar to FY23. M&M’s UV volumes jumped to 36k, higher than the recent months at 34k.

Four new restaurant brands, Hakkasan, Yauatcha, Nara Thai, and CinCin, have been added to ABNAH's portfolio.

EVs increased 104% year-on-year in the first quarter.

Spot gold was up 0.2% at $1,948.43 per ounce, while US gold futures were up 0.3% at $1,985.60.